Looks like the friendly folks at Visa and Mastercard are set to inflate the rates they charge merchants ("interchange fees") when customers use premium and/or perk credit cards:
WSJ.com: "Merchants Balk At Credit-Card Fees "
No wonder Visa, Mastercard, and all the banks have been furiously advertising their premium cards. Seems like every internet page I visit has an ad for Visa's new Stupendous SkyHigh Airline Miles Gold Card, or Mastercard's Hyper-Dividend Platinum Smorgasboard Plus Extreme.
Makes sense now, doesn't it?
Wednesday, April 13, 2005
Merchant Fees on the Rise
— Posted by Michael @ 12:15 PM
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